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  3. a corporations business income is taxed in the fol

A corporations business income is taxed in the following way?The income earned by the corporation...

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Accounting

A corporations business income is taxed in the following way?
The income earned by the corporation is taxed to the entity
Only the board of directors pay tax on the income earned
All corporation income is passed through to the individual shareholders. The individual shareholder pay taxes on their share of the income
The income is not taxed at the entity level and only distributions are taxed to the share holder

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